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ADDITIONAL  INSTRUCTIONS  TO   CONFEDERATE  TAX 

OFFICERS. 


Office  <w  <  ommisbioner  of  Taxes,*) 
Richmond,  March  23,  1804.         j 

By  section  2,  tax  act  of  17th  February,  18G4,  a  (ax  of  five  per  cent. 
is  levied  on  all  9hares  in  any  bunk,  railroad  or  other  company,  ami  thus, 
by  the  terms  of  the  law,  ;i  tax  is  laid  on  the  whole  capital.  Again,  by 
section  '!,  a  tax  is  laid  upon  the  whole  assets  of  the  company,  including 
of  course  those  in  which  the  capital  has  been  invested.  As  it  is  dceuaeu 
scarcely  possible  that  Congress  intended  such  a  result,  although  flic  ocl 
furnishes  no  moan-  of  arriving  at  a  different  interpretation,  and  as  the 
lax  is  not  payable  until  1st  June,  and  as  Congress  will  meet  again  aboul 
the  1st  of  May,  the  Department  has  determined  (o  submit  the  matter  to 
that  body  for  solution,  and,  in  the  meantime,  to  require  returns  to  be 
made  in  such  form  as  will  serve  cither  construction.  Therefore,  in  ad- 
dition to  a  return  of  the  shares  of  the  capital  stock,  according  to  arte  i  i 
35  of  additional  instructions  of  1st  March,  IS'U,  all  such  companies  and 
corporations  will  be  required  in  their  corporate  or  aggregate  capaci 
make  another  and  separate  return  of  all  their  "property,  coin,  bullion  and 
effects  ^i  every  description,  taxed  under  the  act.  and  if  Congress  shall 
decide  in  their  favor,  such  additional  return  and  assessment  will  be  can- 
celled; otherwise  ii  will  remain  in  force,  and  the  tax  will  he  collectc  i. 

2.  To  remove  any  doubt  on  the  subject,  District  Collectors  are  in- 
structed that  Treasury  notes  maj  be  received  in  payment  of  taxes  on  the 
1st  day  of  April,  in  the  same  manner  as  on  preceding  day-. 

Approved ; 

THOMPSON  ALLAN, 
Commissioner  of  Tax&s. 


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